Asia Tech & New Economy
Asian technology and communications issuers.
The Asia Tech & New Economy fixedincome universe presents a compelling dichotomy between pristine highgrade Taiwanese tech exposure and highbeta Japanese communications yield, offering portfolio managers distinct avenues for durationmatched spread capture. Highyield opportunities are heavily anchored by SoftBank's diverse USD curve, where longerdated instruments like the SOFTBK 9.75% maturing in April 2034 and the SOFTBK 8.5% due in April 2036 deliver lucrative yieldstoworst of 10.05% and 9.32% respectively against BB+ credit profiles. Conversely, prime tierone credits such as the shortdated TAISEM 1.75% due October 2026 provide an exceptional 17.94% yieldtoworst, underpinned by an AA rating that grants institutional investors highgrade safety paired with robust absolute return potential in the front end.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tsmc Arizona Corp. | …AA96 | 1.75 | 17.937 | 99.8188 | 2026-10-25 | AA- | USD | 1.25BN | |
| 2 | Softbank Group Corp. | …AC70 | 9.75 | 10.053 | 98.4238746 | 2034-04-01 | 2034-01-01 | BB+ | USD | 4.5BN |
| 3 | Softbank Group Corp. | …6676 | 6.875 | 9.923 | 97.5714286 | 2167-07-19 | 2027-07-19 | B+ | USD | 1.75BN |
| 4 | Softbank Group Corp. | …7427 | 8.25 | 9.769 | 90.1875 | 2065-10-29 | 2035-07-29 | B+ | USD | 1.1BN |
| 5 | Softbank Group Corp. | …7005 | 7.625 | 9.662 | 90.625 | 2061-04-29 | 2031-01-29 | B+ | USD | 900MM |
| 6 | Softbank Group Corp. | …AB97 | 9.25 | 9.58 | 98.6131667 | 2032-04-01 | 2032-01-01 | BB+ | USD | 4.5BN |
| 7 | Softbank Group Corp. | …9169 | 8.5 | 9.316 | 94.9292857 | 2036-04-22 | 2036-01-23 | BB+ | USD | 500MM |
| 8 | Softbank Group Corp. | …2355 | 7.5 | 9.229 | 89.775 | 2035-07-10 | 2035-04-10 | BB+ | USD | 500MM |
| 9 | Softbank Group Corp. | …8864 | 8.25 | 9.139 | 96.493125 | 2031-10-22 | 2031-07-24 | BB+ | USD | 600MM |
| 10 | Softbank Group Corp. | …2272 | 7.25 | 9.027 | 92.177 | 2032-07-10 | 2032-04-11 | BB+ | USD | 600MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.